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12 month contract - will I get a mortgage?
tom1993
Posts: 2 Newbie
Hi,
I'm on a 12 month contract at work which I have just started. Will I still be able to get a mortgage? I'll be buying a flat with my other half so won't be doing it alone but we need both salaries for us to buy?
Tom
I'm on a 12 month contract at work which I have just started. Will I still be able to get a mortgage? I'll be buying a flat with my other half so won't be doing it alone but we need both salaries for us to buy?
Tom
0
Comments
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Hi,
I'm on a 12 month contract at work which I have just started. Will I still be able to get a mortgage? I'll be buying a flat with my other half so won't be doing it alone but we need both salaries for us to buy?
Tom
When I first started looking I was on a 6 month contract, and the banks I enquired with would only lend if that was my normal pattern of employment (contract to contract) As I had just come out of a job I'd done for over 6 years I didnt qualify for that so I had to wait until my contract was made permanent.
It may not be your experience, just sharing mine!0 -
Your best bet would be to speak to a broker. Some lenders do consider people on contracts, usually with a minimum of 6 months left on the contract.0
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As above. Speak to a broker?
Assuming you have a history of contracting or you are now contracting in a field of experience / expertise?I am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0 -
I have been temping for the last year but now been offered a fixed term contract. I will most likely stay here after the year but want to some expertise advice0
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Ok, well yes you should be able to get a mortgage.
I'll repeat though, find a broker. This isnt one of them where you just walk into a bank on the high streetI am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0
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